Kenvue Inc. (KVUE) to Issue Quarterly Dividend of $0.21 on May 27th

Kenvue Inc. (NYSE:KVUE) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Wednesday, May 13th will be paid a dividend of 0.2075 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, May 13th.

Kenvue has a dividend payout ratio of 68.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Kenvue to earn $1.23 per share next year, which means the company should continue to be able to cover its $0.83 annual dividend with an expected future payout ratio of 67.5%.

Kenvue Stock Down 0.0%

Shares of NYSE KVUE opened at $17.59 on Monday. The company has a market capitalization of $33.76 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.61 and a beta of 0.55. Kenvue has a 52-week low of $14.02 and a 52-week high of $24.61. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.68 and a current ratio of 0.96. The company’s 50 day moving average price is $17.65 and its 200-day moving average price is $17.24.

Kenvue (NYSE:KVUE) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.84 billion. Kenvue had a net margin of 10.61% and a return on equity of 20.76%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. Equities analysts forecast that Kenvue will post 1.16 earnings per share for the current year.

Institutional Trading of Kenvue

Hedge funds have recently modified their holdings of the stock. NBT Bank N A NY increased its stake in shares of Kenvue by 180.3% in the 3rd quarter. NBT Bank N A NY now owns 1,564 shares of the company’s stock valued at $25,000 after acquiring an additional 1,006 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in shares of Kenvue by 705.2% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,554 shares of the company’s stock valued at $25,000 after acquiring an additional 1,361 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Kenvue by 67.5% in the 4th quarter. Physician Wealth Advisors Inc. now owns 1,533 shares of the company’s stock valued at $26,000 after acquiring an additional 618 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Kenvue in the 4th quarter valued at $26,000. Finally, MV Capital Management Inc. bought a new stake in shares of Kenvue in the 4th quarter valued at $28,000. Institutional investors own 97.64% of the company’s stock.

About Kenvue

Kenvue is a consumer health company that was established as a standalone, publicly traded business after separating from Johnson & Johnson. Listed on the New York Stock Exchange under the symbol KVUE, Kenvue focuses on the development, manufacture, marketing and distribution of consumer health and personal care products across a range of categories including skin and beauty care, baby care, oral care, wound care and over?the?counter medicines.

The company owns and markets a portfolio of widely recognized consumer brands, including names familiar to global shoppers across retail and pharmacy channels.